BullBearMkt:

...the glass is always either half full or half empty; depends on the viewing angle

BullBearMkt is viewing from DB angle

Sellers want to charge as high as possible, buyers want to pay as low as possible...
The limbo of wishful quotes continue to hang...
Lone Bulls that venture into Bears territory are viciously consumed..
An attack on one bull is an attack on the rest.
Awaiting GTB to lead the way...

Lafarge Africa Board Approves Terms for Proposed N89b Rights Issue
https://businesspost.ng/2018/12/04/lafarge-africa-board-approves-terms-for-proposed-n89b-rights-issue/

DeRuggedProf:
Sellers want to charge as high as possible, buyers want to pay as low as possible...
The limbo of wishful quotes continue to hang...
Lone Bulls that venture into Bears territory are viciously consumed..
An attack on one bull is an attack on the rest.
Awaiting GTB to lead the way...

...words of elders

NIGERIA STOCK MARKET GENERAL COMMENT/MSCI NIGERIA PORTFOLIO MOVEMENT - AS AT 3 DECEMBER 2018

MSCI portfolio is undergoing some reshuffling, moving out of some equities to buy another. No New Money Coming Yet just recycling the same money since 2nd October 2018.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).
N:B


1. Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

2. The fund will still hold some equity, the terms of service states this. Thus no matter the condition of the market, it will not liquidate to Zero, unless the fund is exiting from the particular Country involved. This is an equity fund investing in the Nigeria market. The date displayed may not be the actual date of purchase/sale of equity (this is lega and allowable under the regulations guiding funds operations in general).

3. You cannot bear losses like the fund. The pocket of the fund is too deep. Therefore, as an individual you are not suppose to be in the market during the stock market crash. Before or during the crash, reduce your holding.

4. If you are seeing this type of data on MSCI for the first time. You may need to verify the figures. Go to my previous posts (https://www.nairaland.com/yok/posts), you will see the various sources where the data can be verified.

arduino:
Good, just signal me at any sign(s) of weakness so that we can bail out together

I no like to be carrier of bad news but Wapco is shedding price now, not to make you panic anyway.

Mcy56:

I no like to be carrier of bad news but Wapco is shedding price now, not to make you panic anyway.

Rights was announced for N12... Were you expecting it to go up? I expect it to go on full offer today though. Previous rights were done at N42.50 and they are doing another batch at N12, barely a year after. That shows how desperate they are, desperate for either cash or something else.

There's also a conspiracy theory that Lafarge is indirectly taking up more and more ownership of the company through these rights issues.

mendes911:
Rights was announced for N12... Were you expecting it to go up?

I'm not expecting it but I think he (arduino) was expecting that, reason I told him so he can make his choice.

Mcy56:

I no like to be carrier of bad news but Wapco is shedding price now, not to make you panic anyway.

Am an investor thus not going into panic mode anytime soon

arduino:
Am an investor thus not going into panic mode anytime soon

Alright sir.

arduino:


Am an investor thus not going into panic mode anytime soon

l bi las Vegas?Mr Arduino?

This is too small for the cash they need. This company is not serious.

dipoolowoo:
Lafarge Africa Board Approves Terms for Proposed N89b Rights Issue
https://businesspost.ng/2018/12/04/lafarge-africa-board-approves-terms-for-proposed-n89b-rights-issue/

arduino:


Am an investor thus not going into panic mode anytime soon

Baba, me don jaa ooooo

South Africa Exits Recession after 2.2% GDP Growth
https://businesspost.ng/2018/12/04/south-africa-exits-recession-after-2-2-gdp-growth/

rebekah2011:
This is too small for the cash they need. This company is not serious.

I don't think so. Lafarge debt is seriously falling. This is a quote from them, sometime in May this year:
According to Balogun, its total debt dropped to about $600m from more than $1bn after using funds, including the proceeds of a N131bn ($361.7m) rights offer, to curb liabilities.

The company’s Chief Financial Officer, Bruno Bayet, said in April that the company planned to raise an additional N100bn when necessary.
This rights issue, if successful will place the company in a very good position.

mendes911:


Reminds me of how Access was playing its own game earlier this year.

Are those guy back again with more offer on access ?

ndidigood:
l bi las Vegas?Mr Arduino?

e bim na ala Kuje nke di na obodo Nigeria..

tritritri:



Are those guy back again with more offer on access ?

Access Bank is a stock controlled by the oracles....

talktokenny:


Baba, me don jaa ooooo

Noted

Eku bull o

Agbalowomeri:
Eku bull o

E don ripe for your screen?

Pa elewummi should give me his analysis of wapco, first right issue was over subscibed @ #44, the foreign investor went as far as buying up retail investors rights that were not taken, now another rights issue, most probably to be oversubscibed and the lead foreign investor will acquire all retail investors rights............I just wished I knew the game they are playing, something big is cooking up @ wapco

DeRuggedProf:
Sellers want to charge as high as possible, buyers want to pay as low as possible...
The limbo of wishful quotes continue to hang...
Lone Bulls that venture into Bears territory are viciously consumed..
An attack on one bull is an attack on the rest.
Awaiting GTB to lead the way...

DeRuggedProf:


Waiting AROUND N11.00
STOP LOSS N10.75.

lolll.xx..

Wapco
- wicked bears , they waited for d day high b4 firing up d bbq grill

loll

#FreshLow

Diamond Bank monitoring spirits dealing with Access bank

maishai:
Pa elewummi should give me his analysis of wapco, first right issue was over subscibed @ #44, the foreign investor went as far as buying up retail investors rights that were not taken, now another rights issue, most probably to be oversubscibed and the lead foreign investor will acquire all retail investors rights............I just wished I knew the game they are playing, something big is cooking up @ wapco

Buy out and go private.....what do I know sef?

PETERiCHY:


Divide WAPCO last Right Issue of N42:50k by 4 then you start seeing value.... Above all thank God Pa. Emma has gone for retirement before all this drama start unfolding.. if not

Lafarge Africa Plc will raise N89.21bln by way of a Rights Issue at N12.00 per share,
by issuing 6 new shares for every 7 shares held by shareholders at the Qualification
Date, which will be announced.


https://trwstockbrokers./2018/12/04/lafarge-wapco-plc-corporate-actions-dec-2018-announcement-of-proposed-rights-issue/

Them don enter market oh!!!

735i:
Them don enter market oh!!!

Professionals observe the market ALL DAY and become active towards the close.
It pays to trade with the professionals and AGAINST the amateurs.
- Alexander Elder

Did someone noticed what happened towards market close? In GTB especially?
The land seems green small, make we no conclude yet sha.

Mcy56:
Did someone noticed what happened towards market close? In GTB especially?

Do you think Xmas will be suspended this year?
Santa rally warming up!